Business Briefs 13-7-06

UK firm to invest in mining sector
HARARE - The British mining company African Consolidated Resources (ACR) has raised £4 million pounds (about US$7. 35 million)...

Zimbabwean Debt Situation

Domestic debt trebles
HARARE - Zimbabwe's domestic debt has trebled, from Z$15-trillion to nearly Z$43-trillion, casting a...

Currency Crisis

Monetary policy review?
HARARE - The stock market continued on the upward path it has been...

Econet secures US$20 million loan

HARARE - As Zimbabwe continues its downward economic spiral, the rest of the African continent is...

Forex Rates 06-07-06

EDITOR - Thank you for giving us the platform to express our views and opinions through...

Forex Rates

Forex rates

Parallel market rates this week   last week
US$1 = from Z$410,000 – 430,000   310,00
GBP1 = Z$790,000     650,000
SAR1 = from...

NEDPP target a mirage as forex market slumps

NEDPP target a mirage as forex market slumps

HARARE - The stock market closed last week on...

Bus fares soar as fuel pumps run dry

Bus fares soar as fuel pumps run dry

BULAWAYO - Commuter omnibus operators are set to increase...

Building boom for Byo

Building boom for Byo

BULAWAYO – The City Council has approved building plans valued at $87.2 billion...

Heavy cost for mortgaging resources to China

HARARE - Zimbabwe's long-term economic survival prospects look dimmer by the day with analysts warning that...

NEDPP’S fantasy economics

The announcement earlier this year of another economic turnaround package - the National Economic Development Priority...

PERCENTAGE OF NATIONAL ECONOMY IN ZANU (PF) HANDS


                              GDP    ZANU  %of total GDP
AGRICULTURE       15    ...

Chinese eye methane gas reserves in Lupane

BULAWAYO - A high-powered Chinese delegation was in Zimbabwe last week to explore vast methane gas...

Govt barters chrome for power

HARARE - Zimbabwe and China have signed a deal worth US$1.3bn that will see the development...

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